Total liabilities are all the debts that a business or individual owes or will potentially owe. Does it accurately indicate financial health?

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Assets generate income and appreciate in value, while liabilities drain resources and depreciate over time. Do you want to improve your net worth? Probably so. But if you’re like many people, you ...

Forbes contributors publish independent expert analyses and insights. David John Marotta is a financial advisor covering financial planning. Typically, your financial plan contains assets, liabilities ...

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...

Liabilities are financial obligations and responsibilities you need to pay off using your assets. Though they might seem like a drag—and they certainly can be, if you aren’t careful—liabilities help ...

A partner’s basis includes the partner’s share of partnership liabilities. 1 An economic risk of loss analysis is used to determine which liabilities are included in a partner’s adjusted basis. A ...

Here’s how to make sure you’re covered if you are deemed responsible for harming someone else or their property Written By Written by Contributor, Buy Side Tanza Loudenback is a contributor to Buy ...